The Bank of Thailand (BOT) is expected to keep its key interest rate at 2.25% on February 26, with a potential rate cut later this year, as per a Reuters poll of economists. With the economy growing at 3.2% in Q4—its fastest pace in over two years—and inflation under control, there is little urgency for immediate monetary easing.
Over 60% of economists in the February 14-21 poll predict no rate change, while 10 out of 26 expect a 25-basis-point cut. The central bank aims to assess the impact of existing government policies, such as the cash handout scheme launched in September, before making further adjustments.
Despite growth falling short of the government's 3.5% target, Thailand’s finance ministry has urged the BOT to cut rates further to stimulate the economy. Among economists providing long-term forecasts, 17 of 23 expect a 25-bp cut by mid-year, bringing the rate to 2.00%. However, four predict no change, while two see a potential drop to 1.75%.
The BOT remains cautious due to global economic uncertainties. Weakening demand from China and potential U.S. trade protectionist measures pose risks to Thailand’s trade and tourism sectors—key economic pillars. Some analysts suggest additional rate cuts could be possible if downside risks materialize.
The median forecast indicates rates will stay at 2.00% until at least mid-2026, reflecting a balanced approach between economic growth and financial stability. While policymakers weigh further action, Thailand's economic outlook will largely depend on global trade conditions and domestic policy effectiveness.


Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets
BOJ Rate Hike Expectations Rise Ahead of September Meeting
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 



